The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps

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Rab, 12 Jan 2022 5:29 PG

The 500 BTC Blind Trust to Foster Bitcoin Adoption, Btrust, Announces First Steps

It’s time for the Btrust to start making moves. And they did so by announcing their “to-do list” and “high level goals.” A month ago, Block CEO Jack Dorsey and rapper and entrepreneur Jay-Z announced the members of the board for their 500 BTC blind trust. Btrust’s purpose is to “make bitcoin the internet’s currency” and their field of action is Africa and India. 

Hello World

Kami telah bekerja keras untuk menyediakan ₿trust. Untuk bermula, kami telah membahagikan senarai tugasan kami kepada satu set matlamat peringkat tinggi.

Setiap tugas ini memerlukan pemikiran yang teliti. Kami akan meminta maklum balas daripada komuniti tentang item individu dalam minggu-minggu akan datang!

— btrustteam (@btrustteam) January 11, 2022

Said members of the board took charge and recently showed the world what they’ve been working on since they did so. “Each of these tasks require careful thought. We’ll be requesting feedback from the community on individual items in the weeks to come!,” Btrust said in its inaugural Twitter thread. Before going through those tasks, though, let’s remember who those members are. At the time, NewsBTC reported:

“The blind trust’s board members are: Ojoma Ochai, Obi Nwosu, Abubakar Nur Khalil, and Carla Kirk-Cohen, the only South African of the bunch. By just casually looking at their Twitter feeds it becomes obvious that they’re all thoroughly dedicated to Bitcoin sudah.”

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In a recent interview with Blockworks, 22-years old Abubakar Nur Khalil said:

"Adalah sangat, sangat penting bagi kami untuk memastikannya setellus mungkin," katanya. "Kami akan banyak berkomunikasi tentang proses, pemikiran kami dan perkara yang akan kami lakukan diteruskan terutamanya melalui Twitter."

Dan begitulah mereka melakukannya. Mari terokai rupa proses itu dan perkara yang akan diusahakan oleh Btrust dalam beberapa bulan akan datang.

Berikutan Bitcoin’s lead, the first thing the Btrust will do is to establish “Genesis Principles.” In other words, “Btrust’s vision will be laid out in an immutable set of principles.” Everybody involved in the organization will follow them, and there will be the option of using soft-forks and hard-forks to resolve disagreements or to accommodate different visions. 

There’s another caveat, “Boards are bound to act in accordance with the principles, but the implementation is their prerogative. This provides flexibility, while staying true to Btrust’s vision.” So far, so good. This all sounds very Bitcoiny.

2⃣ Implement Principles

Kami akan menggariskan cara kami akan melaksanakan setiap prinsip dalam kerja kami.

Lembaga terikat untuk bertindak mengikut prinsip, tetapi pelaksanaan adalah hak mereka.

Ini memberikan fleksibiliti, sambil kekal dengan visi ₿trust.

— btrustteam (@btrustteam) January 11, 2022

Langkah seterusnya adalah penting, "Entiti dan Bidang Kuasa." Di bawah bidang kuasa apakah Btrust akan beroperasi? Apakah jenis entiti yang akan mereka pilih? "Btrust memerlukan entiti formal untuk mengupah pekerja, mengontrak lembaga pengarah dan menyediakan sistem perundangan untuk mempertanggungjawabkan wakil." 

Sehubungan dengan ini, Nur Khalil memberitahu Blockworks:

“We’re looking at starting with Africa initially, but then gradually expanding into other regions in the global South,” Nur Khalil said. “So that’s places like India as well. And then in general, with regards to the overall vision, we feel there’s so many disparities in some of these regions like Africa in terms of the actual amount of talented developers versus those of them that are actually working on Bitcoin"

This is a great opportunity to test out Bitcoin’s multisig superpowers. “We will work on a proposal outlining various custody solutions, with the end goal of safely taking custody of the 500 BTC.” Also, important for people out there looking for opportunities, Btrust will be hiring “a full time lead to manage daily operations.”

5⃣ Recruit a Lead

Once we’ve delivered 1⃣,2⃣ and 3⃣, we will be looking to hire a full time lead to manage daily operations of ₿trust.

This is one of the most important board responsibilities, and we’re looking forward to finding somebody to bring ₿tust's vision to life!

— btrustteam (@btrustteam) January 11, 2022

Last but not least, they’ll create some way of communicating with all of you. “We’re committed to building Btrust with input from the Bitcoin community. For now, we’ll be using twitter to communicate our progress, but it’s not scalable.” And they’ll raise funds to set up the organization. “We want to take our time to think about our approach to custody & company formation. This is a prerequisite for any investment. We’ll create a separate plan for how to cover any required set up funding.”

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Sehubungan dengan ini, Nur Khalil memberitahu Blockworks:

"Apa yang kita cuba untuk mengoptimumkan adalah cuba melakukan perkara-perkara secara beransur-ansur kerana ada banyak dan kita tidak akan melihat ekosistem dan hanya membuang sekumpulan wang di atasnya. Kami masih perlu teliti tentang kesannya."

Great work so far, Btrust. We at NewsBTC are looking forward to covering your next steps and seeing what the future brings for the organization, Bitcoin, Africa, and India.

Sumber asal: NewsBTC